Word: traded
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Dates: during 1970-1979
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Some Tory right-wingers would like the Thatcher government to recognize the new government in Salisbury immediately. The Prime Minister, however, is well aware that Britain cannot afford to offend African members of the Commonwealth. One index of their growing importance is that Britain's trade with Nigeria now exceeds its trade with South Africa. Nevertheless, as an indication of current Tory sentiment, Thatcher has decided to send a senior envoy to Salisbury, replacing the junior official there now The prevailing view in Whitehall, however, appears to be that action on both recognition and sanctions can be delayed until...
Underlying Taiwan's optimism about the future is the island's burgeoning economic strength. Last year the republic had a 12.8% real growth in gross national product, based largely on a foreign trade of $23.7 billion, greater than that of the mainland. Two-way trade with the U.S. amounted to $7.4 billion, making Taiwan America's eighth largest trading partner. Total foreign investment, mainly from the U.S. and Japan, is $2 billion. Though some of this dates back to the 1950s, about $500 million has been invested so far in 1979 alone. Some American companies, including Ford...
Since Bert Lance left, the White House has suffered by not having any top ambassador to business. Robert Strauss got close to the job for a while, but then was sidetracked into foreign trade and Middle East policy. Businessmen consider Treasury Secretary Michael Blumenthal to be too wounded by sniping from the White House's Georgia Mafia to be an effective envoy. Commerce Secretary Juanita Kreps is the Cabinet's best bridge between the White House and business, but, says Jack Carlson, "she heads a weak Cabinet department and does not have the clout...
...past four years, the Federal Trade Commission has been investigating Amway on a variety of charges that include fixing the retail prices that its independent salespeople could charge, allocating sales territories and misrepresenting the amount of money that distributors could earn. Last July an administrative-law judge in Washington threw out most of the FTC'S charges, but found that Amway was guilty of fixing prices. Amway officials contended that the practice had been discontinued in 1972. The judge's decision pleased neither Amway's nor the FTC'S lawyers, and both filed appeals. A ruling...
...dismissed Belson's finding as adding "nothing of consequence" to the continuing debate on the issue. In response to Federal Trade Commission pressure and nationwide lobbying by groups like Action for Children's Television (ACT), the networks have launched a series of special dramas for children and reduced the number of week end ads by more than 40%. (Yachtsman and Atlanta Braves Owner Ted Turner has offered to subsidize Saturday children's programs on his own cable station, WTCG; they would run with...